StockWatch
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Other Financial Services
Board Meeting1 Sept 2026, 05:20 pm

Ontic Finserve Board Meeting on Sep 4 to Consider Capital Reduction

AI Summary

Ontic Finserve Ltd has announced a Board of Directors meeting scheduled for September 4, 2026. The primary agenda items include considering and approving a proposal for capital reduction under the Companies Act, 2013, and approving a Scheme of Reduction of Share Capital. Additionally, the board will discuss a proposal to consolidate equity shares, converting 10 equity shares of ₹1 each into 1 equity share of ₹10 each. The meeting will also address any other business as permitted by the Chairman.

Key Highlights

  • Board meeting scheduled for September 4, 2026.
  • Proposal for capital reduction to be considered.
  • Scheme of Reduction of Share Capital to be approved.
  • Equity share consolidation: 10 shares of ₹1 into 1 share of ₹10.